Homework Help: Algebra

Posted by LIbby on Tuesday, April 3, 2012 at 12:14am.

You invested $1 0,000 on two stocks paying 8% and 10% annual interest, respectively. At the
end of the year, the total interest fiom these investments was $940. How much was invested at
each rate?

Algebra - Reiny, Tuesday, April 3, 2012 at 7:56am
amount invested at first ---- x
amount invested at 10% ---- 10000-x

solve for x ....

.08x + .10(10000-x) = 940
...
...

Answer this Question

Related Questions

Math - You invested $14,000 in two accounts paying 5% and 9% annual interest, ...
math - you invested $4000 in two accounts paying 2% and 9% annual interest, ...
Algebra - I invested $42,000 in three funds paying 5%, 7%, and 9% simple ...
annual interest - you invested 12000 in two accounts paying 5% and 7% annual ...
algebra - $7,000 is invested into two accounts: 4,000 into an account paying 5% ...
algebra - suppose you invest $15,000 in two funds paying 11 1/2% and 14% simple ...
college algebra - suppose you invest $15,000 in two funds paying 11 1/2%and 14% ...
algebra - A total of $12,000 is invested in two funds paying 9% and 11% simple ...
Algebra - Mrs. Jones invested $10,000, some in each of two separate accounts. ...
Math - a total of $ 14,000 is invested in two funds paying 4% and 5% annual ...

For Further Reading

First Name:
School Subject:
Answer: